Today, the Chancellor of the Exchequer, Rachel Reeves, set out the government’s commitment to delivering the Lower Thames Crossing. She said: “We will work with a private sector to deliver the infrastructure that our country desperately needs. This includes the Lower Thames Crossing which will improve connectivity at Dover, Felixstowe and Harwich, alleviating severe congestion as goods destined to export come from the North, and the Midlands and across the country to markets overseas. To drive and deliver value for money for taxpayers we are exploring options to privately finance this important project.” Click here to read more: https://lnkd.in/eeay8jHr
Thames Tideway Tunnel demonstrated how private finance can be accessed at scale, even on high risk capital infrastructure development schemes. But this is critically dependent on the financial structuring to achieve a bankable proposition. As someone centrally involved in the original TTT financial, regulatory and commercial structuring, I’d encourage all those involved in LTC financing not to reinvent the wheel. Darryl Murphy
Such good news , congratulations
Excellent News!
Hope they have worked out where the #essentialminerals to build it are coming from. UK failing to replace aggregate reserves at appropriate rate.
Lower Thames Crossing - do you think there can be a private finance plan in place by 23rd May ready for the DCO?
Without clearly agreed scope, good management and effective strong a resolute financial management it will be as the vast majority of other historic major projects, be over budget and late in delivery. We say we learn lessons from previous delivery issues but in reality we only identify them. I hope I am wrong but only time will tell.
Let's get it done - It's already a decade and more overdue.
Most sensibil thing Rachel has said since she took over
Connoisseur of business, a mastery of Project Management and Procurement. Director Procync. Experienced NED. Passionate about improvement and productivity.
2moI think there need to be an independent review of PFI past projects BEFORE we commit to any others. When I see the likes of Blackrock advising the Govt then you can be sure that there is only going to be one beneficiary, flood up, trickle down, at the taxpayers (our ) expense.